Bohra Industries Limited has informed the Exchange about General Updates
BOHRAIND · price
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Bohra Industries has allotted 68,75,000 equity shares at Rs. 32 per share (including Rs. 22 premium) to Mark AB Capital Investment India Pvt Ltd, raising Rs. 22 crore on a preferential basis. Mark AB Capital has triggered an open offer under SEBI takeover rules and will become the new promoter once the open offer is completed. Additionally, 20,25,002 convertible warrants at Rs. 32 each were allotted to 7 non-promoter allottees, with Rs. 1.62 crore (25% upfront) already received; these warrants can be converted into equity within 18 months. Post-allotment, on a fully diluted basis, total shares will rise from about 1.43 crore to about 2.32 crore, and the promoter group's stake will jump from 26.43% to 45.93%.
This is effectively a change-of-control transaction — a new promoter is coming in via preferential allotment plus an open offer, which will lead to significant equity dilution for existing public shareholders and a major shift in company ownership.